Fed's Kevin Warsh issues stark warning on 2008-style bailouts

The Fed is officially out of the bailout business, and crypto is first on the chopping block. Despite rescuing money market funds in 2008, there will be no safety net for failing digital asset firms—even if "extraordinary risks" arise. If the industry can't stand on its own feet, it deserves to fail. Is it right for the Fed to abandon an entire financial sector while protecting traditional institutions, or is this the only way to finally end moral hazard? What’s your take?
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